BLOOMBERG: These Sugar Barons Built an $8 Billion Fortune With Washington's Help

posted by Everglades Trust | 0sc
February 20, 2018

Bloomberg: Written by Justin Villamil. August 9, 2017.

As Cuban refugees, the Fanjuls have a familiar story to tell. They fled the revolution. Fidel Castro’s forces seized everything they owned on the island, business interests, homes, a fortune in fine art.

But they didn’t arrive in Florida in 1960 empty handed. Patriarch Alfonso Fanjul Sr., one of the world’s most prosperous sugar barons before Castro came onto the scene, had piled up assets in the U.S. Within two years, he’d acquired new refining plants and begun to recreate the Fanjul empire in exile.

Now his two oldest sons are barons themselves, and among the most effective political donors in America. They have the Trump administration’s ear as it aims to rewrite Nafta -- with protections for U.S. sugar growers and millers firmly baked in.